Back

Reduced GBP Risk; No-Deal Brexit Becomes Law….

Sep 10, 2019 (14:26)

by John Knobel

Market Drivers

UK parliament official break started;

GBP to trade heavily now that law passed to avoid a no-deal Brexit; GBP/USD +260 pips last 5 days pair aiming for 1.25 from current 1.2360?

German parliament starts Budget discussions;

German economic discipline being challenged by cheap credit and recession fears; DAX faces resistance potential for index to dip lower on profit taking;

ECB to cut interest rates;

Euro traders seeking to trade ahead of Thursdays European Central Bank (ECB) interest rate decision; Thursday could be catalyst for break-out strategies to kick it and drive EU stock indices and the EUR;

Market volatility drops; VIX index down -19% last 5 days;

Positive news US -China set October date to restart trade talks; Asian, EU and US major stock markets higher last 30 days; Dow +685 points; Eurostoxx 50 +5%; Italy MIB +8%; Nikkei +710 points;

Precious Metals holding gains;

Expectations of interest rate cuts adding price support for Gold and Silver; European Central Bank (ECB) to cut EUR interest rates on Thursday; US Fed to follow end of September;

Source: FXGM / Bloomberg

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

Risk Warning and Disclaimer: Major risks connected with recommendations or opinions in this research report, including sensitivity analysis of relevant assumptions, are stated herewith. Contract for Differences (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading Over The Counter (OTC) CFDs carries a high level of risk and can result in the loss of all of your investment. CFDs may not be appropriate and/or suitable for all investors. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You should not invest money that you cannot afford to lose. Before deciding to trade, you should be aware of all the risks associated with OTC CFD trading, and seek advice from an independent and suitably licensed financial advisor. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. This research report provided by Depaho Ltd is a marketing communication that should not be interpreted as investment advice. This material is non-independent research. Non- independent research is “marketing communication”as indicated in Article 24(3) of MiFID II. It has not been prepared in accordance with the full legal requirements designed to promote independence of research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. This material may include “Investment recommendations” as defined in Article 3(1)(35) of the Market Abuse Regulation (“MAR”), namely any publications which may contain information that explicitly or implicitly recommends or suggests an investment strategy concerning a financial instrument, including opinion as to the present or future value or price of such instruments. Additional information with respect to any financial instrument referred to herein may be made available on request. The content of this material does not take into account the particular investment objectives, financial situation or needs of the recipients of this material. Before acting on any recommendations in this material, recipients should consider whether it is suitable for their particular circumstances and, if necessary, seek professional independent advice.

Live Feed

Instrument	Bid	Ask

Traders Trends new

See what others are Trading

Start trading